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W.R. Berkley Corporation (WRB)

  • Apr. 28, 2014, 10:52 AM
    • Property & casualty insurers are bouncing from a tough Friday session which was led by declines in Chubb and Cincinnati Financial after tough Q1 results. Today's biggest gainer is United Insurance Holdings (UIHC +4.8%) - continuing a big run after being initiated with an Outperform rating at Wells Fargo.
    • Aren't insurers supposed to be bought after a tough quarter for catastrophes as it means they can raise rates?
    • Others: HCI Group (HCI +3.1%), Universal Insurance (UVE +3.5%), W.R. Berkley (WRB +1.2%), Travelers (TRV +1.6%), Allstate (ALL +1.3%), Chubb (CB +1.3%), and Cincinnati Financial (CINF +0.9%).
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  • Apr. 23, 2012, 5:42 PM
    W.R. Berkley (WRB): Q1 EPS of $0.73 beats by $0.07. Revenue of $1.38B (+11.7% Y/Y) in-line. Shares +1.4% AH. (PR)
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  • Feb. 1, 2012, 3:10 PM
    Niche property-and-casualty insurer W.R. Berkley (WRB +6.1%) trades higher after its Q4 beat analysts' expectations earlier today on strong premium growth. Net premiums written increased 19% Y/Y on improving coverage demand, but losses and loss expenses also increased 17%, which mitigated some of the gains.
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  • Oct. 19, 2011, 3:37 PM
    Investors prefer to focus on Travelers' (TRV +5.9%) plan to pursue targeted pricing and changes in terms and conditions rather than its 67% Y/Y profit drop, boosting shares. A multiyear streak of outsized losses from severe weather is the top factor in providing an impetus to raise rates across all its operating segments. Insurance peers: CB +2.1%, ACE +3.4%, WRB +2.6%.
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Company Description
WR Berkley Corp is an insurance holding company with operations in United States. It operates in property casualty insurance business and has three segments; Insurance-Domestic, Insurance-International and Reinsurance- Global.